Waters Statement on FHA Actuarial Report
Washington, DC,
November 17, 2014
Tags:
FHA
Following today’s release of the Federal Housing Administration’s actuarial report, the Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following remarks: “Today’s announcement makes clear that FHA is on the right track, and is appropriately recovering from its unprecedented work keeping our housing market afloat during the worst economic crisis in a generation. While the FHA has not made full recovery, it’s important to remember that it is far from bankrupt, holding approximately $40 billion in reserves and continuing to generate revenue. ###
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